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Changes over time for: Paragraph 3
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/04/2015.
Changes to legislation:
There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Paragraph 3.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Meaning of “overall amount of extra pension”E+W
This section has no associated Explanatory Memorandum
3.—(1) The overall amount of extra pension is—
(a)£6,500 for any financial year ending before 1st April 2016; and
(b)for any financial year beginning on or after that date—
(i)an amount determined by the Treasury for that financial year; or
(ii)if the Treasury has not determined an amount for that financial year, the amount calculated under sub-paragraph (2).
(2) If the Treasury has not determined an amount under sub-paragraph (1)(b)(i) for any financial year, the overall amount for that financial year is the amount to which the annual rate of a pension of an amount equal to the overall amount for the previous financial year would have been increased under PIA 1971 [rounded to the nearest £100,] if—
(a)that pension were eligible to be so increased; and
(b)the beginning date for that pension were the first day of the previous financial year.
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